Investor Relations

Change - Announcement Of Resignation Of Independent Director And Chairman

BackJun 08, 2017
Announcement Title Change - Announcement of Cessation
Date & Time of Broadcast Jun 8, 2017 17:36
Status New
Announcement Sub Title Resignation of Independent Director and Chairman
Announcement Reference SG170608OTHR170G
Submitted By (Co./ Ind. Name) Jeffrey Pang
Designation Director
Description (Please provide a detailed description of the event in the box below) This announcement has been prepared by Loyz Energy Limited (the "Company") and its contents have been reviewed by the Company's sponsor (the "Sponsor"), ZICO Capital Pte. Ltd., for compliance with the SGX-ST Listing Manual Section B: Rules of Catalist. The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Alice Ng, Director of Continuing Sponsorship, ZICO Capital Pte. Ltd. at 8 Robinson Road #09-00 ASO Building, Singapore 048544, telephone (65) 6636 4201.
Additional Details
Name Of Person Teo Choon Kow @ William Teo
Age 70
Is effective date of cessation known? Yes
If yes, please provide the date 08/06/2017
Detailed Reason (s) for cessation Mr Teo Choon Kow @ William Teo has resigned as an Non-Executive Chairman of the Board and Independent Director of the Company after serving 9 years as a Director of the Company. The decision is undertaken in an effort to meet the guideline in the 2012 Code of Corporate Governance.

The Company's sponsor, ZICO Capital Pte. Ltd., after having interviewed Mr Teo, is satisfied that, other than as disclosed in this announcement, there are no material reasons for the resignation of Mr Teo as a Director.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting? No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer? No
Any other relevant information to be provided to shareholders of the listed issuer? No
Date of Appointment to current position 23/07/2008
Does the AC have a minimum of 3 members (taking into account this cessation)? Yes
Number of Independent Directors currently resident in Singapore (taking into account this cessation) 2
Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months 1
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) Independent Director and Chairman of the Board, Chairman of Audit Committee, Member of Nominating, Remuneration and Risk Management Committee
Role and responsibilities Independent and Non-Executive
Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries NIL
Shareholding interest in the listed issuer and its subsidiaries? Yes
Shareholding Details 2,123,000 ordinary shares in the capital of the Company.
Past (for the last 5 years) See Hup Seng Limited
Present Wee Hur Holdings Ltd
PSL Holdings Ltd